ChowChow Cloud completed its IPO, raising $11.96 million with shares trading at $4 each on NYSE American.
Quiver AI Summary
ChowChow Cloud International Holdings Limited, a technology company offering comprehensive cloud solutions in Hong Kong, has successfully completed its initial public offering of 2,990,000 ordinary shares priced at US$4.00 each, raising a total of US$11,960,000 in gross proceeds. The shares began trading on the NYSE American under the ticker symbol "CHOW" on September 16, 2025. US Tiger Securities, Inc. served as the sole book-running manager for the offering, with legal counsel provided by Sidley Austin LLP and VCL Law LLP. The company aims to facilitate the cloud transformation journey for businesses, having been founded in December 2014 by professionals recognizing the potential of cloud technology. The offering includes forward-looking statements and cautionary notes regarding possible variations in expected outcomes.
Potential Positives
- ChowChow Cloud successfully closed its initial public offering, raising a total of US$11,960,000 in gross proceeds, which can provide the company with significant capital for growth and operational expansion.
- The company's shares began trading on the NYSE American under the ticker symbol "CHOW," which can enhance its visibility and credibility in the financial markets.
- The offering included 2,990,000 ordinary shares, indicating strong interest from investors, as evidenced by the inclusion of over-allotment shares.
- ChowChow Cloud is positioned as a pioneer in the cloud solutions market, potentially attracting further business due to its established foundation and expertise in the field.
Potential Negatives
- The company raised a total of only US$11,960,000 from its initial public offering, which may suggest limited investor interest or capitalization compared to industry standards.
- The reliance on forward-looking statements may create uncertainty about the company's future performance, exposing it to potential investor skepticism.
- The press release does not provide specific details on the company's financial health or growth projections, which could be a concern for potential investors seeking transparency.
FAQ
What is ChowChow Cloud International Holdings Limited?
ChowChow Cloud is a technology company providing one-stop cloud solutions in Hong Kong, supporting companies in their cloud transformation journey.
When did ChowChow Cloud go public?
ChowChow Cloud's initial public offering closed on September 17, 2025, with shares trading on NYSE American starting September 16, 2025.
How many shares were offered in the IPO?
This initial public offering included 2,990,000 ordinary shares, including 390,000 over-allotment shares, at a price of US$4.00 per share.
Who managed ChowChow Cloud's IPO?
US Tiger Securities, Inc. acted as the sole book-running manager for ChowChow Cloud's initial public offering.
Where can I find the final prospectus for ChowChow Cloud's IPO?
The final prospectus can be obtained from US Tiger Securities, Inc. or accessed via the SEC's website at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
HONG KONG, Sept. 17, 2025 (GLOBE NEWSWIRE) -- ChowChow Cloud International Holdings Limited (“ChowChow Cloud” or the “Company”) , a technology company providing one-stop cloud solutions in Hong Kong, announced today the closing of its previously announced initial public offering (the “Offering”) of 2,990,000 ordinary shares, including 390,000 over-allotment shares, at a price of US$4.00 per share to the public, for a total of US$ 11,960,000 of gross proceeds to the Company, before deducting underwriting discounts and other offering expenses. The shares began trading on the NYSE American on September 16, 2025 under the symbol "CHOW."
US Tiger Securities, Inc. is acting as the sole book-running manager of the Offering. Sidley Austin LLP is acting as U.S. counsel to the Company, and VCL Law LLP is acting as U.S. counsel to US Tiger Securities, Inc. in connection with the Offering.
A registration statement on Form F-1 (File No. 333- 286296) relating to the Offering, as amended, has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 15, 2025. The Offering is being made only by means of a prospectus, forming part of the registration statement. Copies of the final prospectus related to the Offering may be obtained from US Tiger Securities, Inc., 437 Madison Ave., 27th Floor, New York, NY 10022, by email at [email protected], or by telephone at +1 (646) 978-5188. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov .
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ChowChow Cloud International Holdings Limited
ChowChow Cloud is a pioneer in providing one-stop cloud solutions that support companies across the IT industry value chain throughout their entire cloud transformation journey from consulting, deployment and migration to cloud environment building and management. ChowChow Cloud was founded in December 2014 by a group of passionate and experienced professionals, who envisioned the potential of cloud technology to transform the way businesses of various sizes operate. Recognizing the growing need for digitization and the benefits that cloud technology could bring to businesses, ChowChow Cloud’s founders set out to create a company that would bridge the gap between cloud services providers and companies who seek to move to the cloud.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and ChowChow Cloud specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
For Investor Relations:
Investor Relations Team
ChowChow Cloud International Holdings Limited
Email: [email protected]